Waste Heat Recovery System is an economic method to increase the overall efficiency of the plant and, thus, to lower fuel demand. The largest sources of waste heat for most industries are exhaust and flue gases and heated air from heating systems such as high-temperature gases from burners in process heating; lower temperature gases from heat treating furnaces, dryers, and heaters; and heat from heat exchangers, cooling liquids, and gases.

Scope of the GlobalWaste Heat Recovery System Market Report

This report focuses on the Waste Heat Recovery System in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The worldwide market for Waste Heat Recovery System is expected to grow at a CAGR of roughly 4.7% over the next five years, will reach 2940 million US$ in 2023, from 2230 million US$ in 2017, according to a new GIR (Global Info Research) study.

In the last several years, the growth rate of global waste heat recovery system market is very as high as 8.64%, due to the fast development of cement industry. In 2016, the global Waste Heat Recovery System production may be 334 units, growth 7.05% year-on-year.

In the next several years, the development of global waste heat recovery system production may be still fast without extraordinary circumstances. The global Waste Heat Recovery System production is expected to be 454 units in 2021.

In the global production market of waste heat recovery system, Europe is the largest supplier with nearly one third of the total production market. Following Europe, Japan occupies production market share of 28.53%.

In the consumption market, Asia is the largest consumption market due to the developed real estate industry. Among these Asian countries, China is the largest consumption market, especially the government introducing supportive policies continually.

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